New tax credit in Quebec encourages home renovations
(NC) With the prices of homes continuing to be on the rise, many people are choosing to renovate rather than move. In many situations, it can be less expensive than purchasing a new home and with new programs such as Quebec's EcoRenov tax credit rebate, a reno may not cost as much as you think.
Insulation is one of the easiest and most cost-effective ways to conserve energy. Many spaces in a home can be sources of energy loss, and with homes aging, insulation can sag over time. At the top of the new EcoRenov program is the recommendation to insulate the roof, exterior walls, foundations and exposed floors.
By insulating or upgrading this aspect of your home, you can expect to see savings on your heating and cooling costs. Under the EcoRenov program, the choice of insulation is imperative to receiving the tax credit. The specifications require you to select an insulation that has low levels of volatile organic compounds (VOCs) and those that are certified Greenguard, or an EcoLogo environmental choice.
Industry experts suggest looking at insulations that meet the criteria of the EcoRenov program, but that also offer added benefits. The best on the market are fire resistant, water repellent, resistant to mold, mildew, rot and bacterial growth, and are made from natural stone and recycled material. Retailers tell us that a widely available product that offers all of these added benefits is Roxul mineral wool insulation. This highly efficient material (which includes ComfortBatt and Safe n' Sound insulation) is also a popular contractor choice since it is easy to work with, does not sag over time and will keep your home warm in the winter and cool in the summer.
Homeowners interested in learning more about the new Quebec tax credit program may visit revenuquebec.ca.
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